Greetings Beverly Hills! We're your go-to source for what's happening in town. Read on to get plugged in! โ๏ธ
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In today's newsletter:
Also on today's calendar: Voices Rock Youth and Adult Choir now on the West Side and 9 more events.
Today's riddle: What is the 1 way to guarantee winning a small fortune at the casino? ๐ค (Answer below!)
โข Beverly Hills Pushes Importance Of Sustainability (canyon-news.com) โ Beverly Hills is urging residents to cut water use by upgrading irrigation and replacing lawns, backed by substantial turf replacement rebates from the Metropolitan Water District. Homeowners and businesses can get up to $2 per square foot, plus incentives for rain barrels, smart controllers, and efficient nozzles, with details and eligibility tools available through SoCal WaterSmart and the city's rebate webpage.
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โข Proposed 12-story tower near SMC could become one of Santa Monica's tallest residential buildings (smmirror.com) โ A new 12-story, 138-foot mass timber tower proposed near Santa Monica College showcases how a recent transit-housing law is reshaping development, and Beverly Hills has already adopted its own framework to manage similar projects. For Beverly Hills residents, this signals that taller, parking-light buildings near transit could arrive closer to home as the city applies the same state rules.
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โข The art of borrowing against a Picasso (americanbanker.com) โ A Beverly Hills-based tax advisor weighs in on how borrowing against high-value art can unlock cash without triggering capital gains taxes, though with high costs and risks. The piece explains when art-backed loans might make sense for wealthy collectors and why they're usually a last-resort liquidity tool compared with mortgages or securities-based credit lines.
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Ok Beverly Hills! So now you're in the loop about what's happening today. Thanks for reading, and see you in your inbox next time! Oh -- and if you like what you're reading, invite a friend to Patch AM!
-- The Patch AM Team
P.S. The answer to today's riddle: By starting with a large fortune. (Thank you Kourtney Z. for sending it in!)
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